The Geo. D. Warthen Bank is headquartered in Sandersville and is the 105th largest bank in the state of Georgia. It is also the 3,628th largest bank in the nation. It was established in 1871 and as of September of 2013, it had grown to 46 employees at 2 locations. The Geo. D. Warthen Bank's savings rates are 94% higher than the national average, and it has a C+ health rating.
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Limited To Seven Georgia Counties
For their Rewards Checking:
"This product is limited to those persons residing in the following counties. Washington, Johnson, Jefferson, Hancock, Glascock, Baldwin, and Wilkinson."
Data for Q3 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 The Geo. D. Warthen Bank had $7.72 million in non-current loans and owned real-estate with $14.88 million in equity and loan loss allowances on hand to cover it. This gives The Geo. D. Warthen Bank a Texas Ratio of 51.87% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for The Geo. D. Warthen Bank increased slightly from 33.78% as of September 30, 2012 to 51.87% as of September 30, 2013, resulting in a negative change of 53.54%. This indicates that the balance sheet and financial strength for The Geo. D. Warthen Bank has declined slightly in recent periods.
Deposit Growth
In the past year, The Geo. D. Warthen Bank has increased its total deposits by $5.11 million, resulting in 3.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Geo. D. Warthen Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Geo. D. Warthen Bank has $157.07 million in assets with $14.88 million in equity, resulting in a capitalization level of 9.47%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 2154 |
| Year Established | 1871 |
| Employees | 46 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $157.07 million |
| Loans | $90.37 million |
| Deposits | $142.08 million |
| Equity Capital | $13.96 million |
| Loan Loss Allowance | $916,000 |
| Unbacked Noncurrent Loans | $2.74 million |
| Real Estate Owned | $4.98 million |
| Historic Data - September 2012 | |
|---|---|
| Assets | $155.84 million |
| Equity Capital | $16.14 million |
| Loan Loss Allowance | $1.01 million |
| Unbacked Noncurrent Loans | $2.74 million |
| Real Estate Owned | $1.27 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.02% |
| Return on Assets | -0.71% |
| Return on Equity | -7.85% |
| Interest Income | $5.08 million |
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The Geo. D. Warthen Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.01% | - | $10k | REALSaver | |
| 0.05% | - | - | REALSaver |
The Geo. D. Warthen Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.01% | - | $10k | Reward Checking-REALSaver | |
| 2.01% | - | $10k | Reward Checking | |
| 0.05% | - | - | Reward Checking-REALSaver | |
| 0.05% | - | - | Reward Checking |
| The Geo. D. Warthen Bank Locations | ||
|---|---|---|
| The Geo. D. Warthen Bank | 216 North Harris Street | Sandersville, GA 31082 |
| Limited Service Facility | 603 South Harris Street | Sandersville, GA 31082 |